EXPLAINING 20 SCAMS IN 20 MINUTES (pt 1)

Summary

This video script delves into the underworld of scams, detailing ten different schemes that range from the absurdly simple to the highly sophisticated. It warns viewers of the potential legal consequences of engaging in these illicit activities, emphasizing the risks of imprisonment. The narrator shares these methods not to encourage participation but to educate and illustrate the ease with which some individuals exploit vulnerabilities for financial gain. The script serves as a cautionary tale, highlighting the importance of understanding and protecting oneself from such scams.

Takeaways

• 🚫 **Refund Scam**: The speaker warns against a scam where individuals trick companies into refunding for products they claim not to have received, while they actually keep the product.
• 📚 **Textbook Rental Scam**: A scammer creates multiple accounts to rent and then resell textbooks at a profit, highlighting the risk of legal consequences like jail time.
• 💳 **Credit Card Fraud**: The script describes how scammers purchase stolen credit card information to make high-value purchases, emphasizing the high risk and potential jail time.
• 🎁 **Free Item Survey Scam**: Scammers lure victims with the promise of free items, tricking them into providing credit card details under the guise of a survey or minimal shipping fees.
• 📱 **Phone Sign-Up Scam**: Desperate individuals are persuaded to sign up for phones under their names, which scammers then sell at a profit, highlighting the direct risk of personal involvement.
• 🏦 **Bank Loading Scam**: Scammers deposit fake checks into business accounts and withdraw the money before the check bounces, leaving the account holder liable for the funds.
• 🔑 **Combos Scam**: By reusing passwords across multiple sites, scammers gain access to accounts and make unauthorized purchases, such as free food orders.
• 🆔 **Identity Theft**: Scammers use personal information like social security numbers to apply for credit cards in the victim's name and make purchases, causing significant financial harm.
• 📧 **Phishing Scams**: Scammers create fake login pages to mimic banks or company communication platforms to steal login credentials and access sensitive financial information.
• 💰 **Credit Education**: The speaker argues that understanding credit systems can legally provide financial benefits, suggesting that traditional education often overlooks this aspect.

Q & A

What is the main purpose of sharing these scam methods in the video?

The main purpose is not to encourage scamming, but to educate viewers on how easy it is to make money illicitly. It aims to raise awareness about these scams so that people can understand and avoid falling for them.

What is the refund scam mentioned in the script?

The refund scam involves convincing a company that they made a mistake and did not send the product, when in fact the scammer has the product and intends to get a refund as well.

How does the scam involving buying and using stolen credit cards work?

Scammers purchase stolen credit card information from sites like Joker stash, use VPNs and proxies to mask their identity, and then make purchases on sites like Saks Fifth or Apple, sending the items to a drop house.

What is the scam involving filling out surveys for free items?

This scam lures people with the promise of a free item after filling out a survey. The survey is a ruse to collect credit card information, which is then sold or used for fraudulent activities.

How do scammers make money by getting people to sign up for phones?

Scammers convince individuals to buy phones under their name at stores like Verizon or T-Mobile. They pay the individual a small fee, take the phone, and then sell it for a higher price.

What is the bank loading scam and how does it work?

The bank loading scam involves finding a business's account and routing numbers and printing a check with those details. The scammer then deposits the fake check into a personal account, hoping the bank credits the account before realizing the check is fraudulent.

What is the scam involving the use of the same password across multiple sites?

Scammers exploit the fact that many people reuse passwords across different sites. They use data breaches to get email and password combinations and then try those credentials on other sites to access accounts and make unauthorized purchases.

How do scammers profit from getting access to a person's full credit profile?

Once they have access to a person's full credit profile, including their social security number and other personal details, scammers can apply for credit cards in the person's name and make high-ticket purchases that they do not intend to pay back.

What is the scam involving spamming bank logs?

Scammers send text messages or emails that appear to be from a bank, asking the recipient to log in to their account through a fake login page. Once the victim enters their credentials, the scammer gains access to the bank account and can steal funds.

What is the scam involving access to a company's internal communication channels like Slack or Microsoft Teams?

This scam involves tricking an employee into logging into a fake version of their company's internal communication platform. Once the scammer has access, they can monitor business transactions and potentially redirect wire transfers to their own accounts.

What does the speaker mean when they say credit card companies are scamming people?

The speaker is suggesting that credit card companies profit from people not understanding the credit system, leading them into debt. They imply that if people were educated about credit, they could use the system to their advantage, similar to how the speaker claims to do.

Outlines

00:00

🚨 Scam Tactics and Their Legal Counterparts

The paragraph discusses various scams, emphasizing the risks and potential legal consequences. It outlines scams such as the refund scam, where individuals deceive companies into sending refunds for products they claim not to have received. It also covers online credit card fraud, using stolen credit card information to make purchases and ship to drop houses. The paragraph warns against engaging in these illegal activities and suggests that the information is shared to raise awareness of how easily money can be made illicitly. It also mentions a scam involving filling out surveys for free items, which is a ploy to steal credit card information. The speaker provides a website, rjac.net, as a resource for learning legal ways to make money.

05:00

💳 Financial Scams and Their Legal Alternatives

This paragraph delves into more sophisticated financial scams, including bank loading scams where individuals deposit fraudulent checks into business accounts and then withdraw the money before the check bounces, leaving the account holder liable. It also discusses the use of compromised login credentials across different sites to order free food or other items. The paragraph further explains identity theft scams, where personal information is used to apply for credit cards in the victim's name. It contrasts these illegal activities with legal methods of building credit and accessing financial resources, encouraging viewers to explore legal alternatives for financial gain.

10:00

📚 Education on Credit and Financial Power

The final paragraph focuses on the lack of financial education, particularly regarding credit, in educational institutions. It criticizes colleges for not teaching students how to manage credit effectively, which could prevent them from falling into credit card debt. The speaker shares their own knowledge of the credit system and how they've used it to their advantage, such as obtaining a high-value car without long-term financial burden. The paragraph concludes with an offer for more information on how to legally manipulate the credit system, suggesting that viewers text for specific instructions or visit rjac.net for a free preview of credit-related content.

Keywords

💡Scam

A scam refers to a fraudulent scheme or dishonest activity with the purpose of obtaining personal gain at the expense of others. In the context of the video, the term is central as it discusses various types of scams and their potential illegality. The video aims to educate viewers on how these scams operate, such as the 'refund scam' where individuals deceive companies into sending refunds for products they claim not to have received.

💡Risk Level

Risk level is a term used to categorize the potential danger or likelihood of negative consequences, such as legal repercussions. The video script uses 'risk level' to grade the severity and potential legal risks associated with each scam method. For example, 'extremely stupid' is used to describe scams that are highly likely to result in jail time or other severe penalties.

💡Refund Scam

A refund scam is a type of fraud where individuals trick companies into issuing refunds for products they claim were not delivered or were defective. In the video, this is illustrated by the example of someone convincing a company that a product was not received, thus obtaining a refund while keeping the product.

💡Operational Security (OPSEC)

Operational security, or OPSEC, refers to measures taken to prevent sensitive information from falling into the wrong hands. In the video, OPSEC is mentioned in the context of online scams, emphasizing the importance of maintaining secrecy and security to avoid detection by authorities or the companies being scammed.

💡Credit Card Scam

A credit card scam involves the unauthorized use of someone else's credit card information to make purchases or withdraw funds. The video discusses how scammers obtain credit card information, often through illicit means, and use it to make high-value purchases, highlighting the risks associated with such activities.

💡Drop House

A drop house is a location used to receive stolen goods or items purchased with fraudulent intent. In the context of the video, scammers use drop houses to receive merchandise bought with stolen credit cards, attempting to avoid detection by having the items shipped to an address not linked to them.

💡Data Breach

A data breach occurs when unauthorized individuals gain access to sensitive information, often leading to identity theft or fraud. The video mentions data breaches as a way scammers obtain login credentials, which they then use to access accounts and make unauthorized purchases.

💡Phishing

Phishing is a form of fraud where individuals are tricked into revealing sensitive information, such as login credentials, through deceptive communication, often disguised as a trustworthy entity. The video discusses phishing as a method used in scams to acquire personal information that can be used for financial gain.

💡Wire Transfer

A wire transfer is a method of electronic funds transfer from one account to another. In the video, wire transfers are mentioned as a means for scammers to quickly move large sums of money, often illicitly obtained, from one bank account to another.

💡Credit Profile

A credit profile is an individual's financial history and creditworthiness, which includes information on loans, credit cards, and repayment history. The video discusses how scammers can exploit a person's credit profile to apply for credit cards in their name and make purchases, leading to significant financial harm.

💡Bitcoin

Bitcoin is a form of digital currency that allows for peer-to-peer transactions without the need for intermediaries like banks. The video mentions Bitcoin as a method used by scammers to cash out illicit gains quickly and with a degree of anonymity, highlighting the challenges in tracing and recovering such funds.

Highlights

Discusses various scams and their associated risks, emphasizing the illegality and potential consequences.

Refund scam: Deceiving companies into sending a refund for a product that was received.

Higher level refund scam involving creating fake tracking numbers and multiple accounts.

Online carding: Purchasing stolen credit card information and using it to make purchases.

Using proxies and VPNs to mask identity while committing online fraud.

Survey scam: Tricking people into giving credit card information in exchange for fake giveaways.

Phone scam: Getting individuals to purchase phones under their name and then selling them.

Bank loading scam: Depositing fake checks into business accounts and withdrawing funds before the check bounces.

Combos scam: Using breached passwords to access and exploit accounts on different platforms.

Profile scam: Accessing personal information to apply for credit cards and make purchases.

Spamming bank logs: Creating fake login pages to steal banking credentials.

Spamming office logs: Gaining access to company communications to intercept and redirect financial transactions.

Credit scam: Exploiting the credit system to obtain goods and services without paying.

Encourages viewers to seek legal ways to achieve financial success.

Provides contact information for those seeking legal financial advice.

Advocates for financial education as a means to avoid falling into debt and scams.

Transcripts

20 scams in 20 minutes scam number

risk of jail for each camp

kind of stupid too extremely stupid it's

all stupid don't scam the only reason

I'm telling you these methods is to get

you to understand how [ __ ] easy it is

to make a [ __ ] ton of money if you want

to learn how to make this much in a day

legally watch to the end of the video

refund this level kind of stupid people

make from a hundred to five thousand

dollars a day doing it companies [ __ ] up

when shipping products sometimes the

refunding scam is simply convincing a

company that they [ __ ] up didn't send

you the product they were supposed to

send you so you keep the product and

they send you your money back you

convince the company you didn't get your

product through a variety of methods EB

just saying the box was an ftid creating

a fake tracking number that's designed

to get lost in the trucking and

Warehouse system so it looks like you

sent the product back that's a hundred a

day a higher level refunds game would be

like what this one guy did with Amazon

textbooks making thousands of accounts

renting these textbooks out for let's

say 30 each and reselling them for 300.

he went to jail though don't go to jail

rjac.net but I still want to share the

information so that you guys realize how

easy it really is to make a ton of

[ __ ] money it's out there is damn

near in your [ __ ] hands you just have

to grab it game number two online

karting risk level extremely stupid

anywhere from a thousand to twenty

thousand a day when people say I just

punch sex this is what they're talking

about you buy a credit card from a site

like Joker stash eunuch Fe shop it's

usually these Russians who have made a

career out of stealing tons of American

credit card information you buy a credit

card for five to fifty dollars the five

dollar cards are going to be thousand

dollar limits the fifty dollar cards are

gonna be fifty to a hundred thousand

dollars you probably bought the car with

a bin which is the first six digits of a

number so they can estimate how much

they'll get off the card and How likely

they are to succeed once they have the

right card they go on a site like Saks

Fifth or apple or a gift card site with

things like VPN socks five residential

proxies so the security system of the

site they're using the stolen credit

card on does not detect unusual traffic

from there they purchase the item and

send it to a drop house could be a

random address they found on Zillow they

walk up to the house to get the package

with the green reflective vest on so

people assume they're doing something

important or legitimate and they collect

the package this is super stupid you can

get caught at the house if you're opsec

operational security isn't absolutely

tight you could have an IP leak and the

site could find your real IP address at

your house so if they're only hidden for

the small stuff they'll make a few

hundred a day you may have seen this

with the people who ordered pizza for

you for half off but if you set up a

consistent system to hit for big [ __ ] 10

bands a day easy jail though rjac.net my

bad my bad I won't say scam number three

fill out this survey for a free TV or

free Roblox or Robux Clash of Clan

whatever the game the kids are playing

or iPhone giveaways that people promote

stupidity level is only kind of stupid

about one to ten thousand a day with

this scam lower chance of getting caught

this is just a scam to get your credit

card information so how does this game

work they catch your attention with a

free item and maybe they pay to

influencer that you trust you shouldn't

to promote it you think this is probably

a [ __ ] scam but it's just a survey

right now you fill out the survey you

spend 10 minutes filling out the survey

you've invested so much time that when

they tell you oh you just have to pay a

one dollar shipping fee with your credit

card and now they have your information

this is one of the ways the sellers in

scam number two get access to your

credit card number and you can easily

get 10 000 people to fill out that

survey in a day sell each number for

five to ten dollars you do the math scam

number four getting people to sign up

for phones stupidity level very high

you're talking to people in person who

can snitch on you and you will make no

more than a few thousand a day this cam

works by getting people who are either

stupid or really desperate for money to

go into a Verizon at T T-Mobile and buy

phones under their name or a credit

profile name the desperate people give

this camera the phone and this camera

gives the desperate person a hundred

dollars these phone companies will give

a phone to almost anyone that's how they

keep you paying 200 a month at a t

because they own your phone allowing

people to pay their phone off over time

the scammer then takes the phone that

they got for a hundred dollars and sells

it for a thousand when you see scammers

flexing stacks of iPhones this is how

they did it the higher level of this

game is having a person go into the

store with the credit profile and the

fake ID that matches while the desperate

person going in may only be able to get

one phone because they have low or bad

credit the credit profile is gonna have

great credit and gonna be able to get

three to four phones potential they'll

tell the story lies like I'm buying

these phones for all the employees in my

construction or I'm buying a phone for

every member of my family scam number

five the bank loading scam very stupid

you can make 50 or 60 000 a day with

this but you're also very likely to go

to jail this is the scam you see on

Instagram where someone says I'll put 10

000 in your bank account today just give

me half they do this by finding the

account and routing number of any

legitimate business checking account is

going to have a lot of money going

through the banking system is so [ __ ]

unsophisticated and unsecure and easy to

take money from that all you really need

is those two numbers you print them on a

check that matches that business and you

mobile deposit it and they will load ten

thousand into that bank account how do

they print the checks well how does a

normal business print their checks with

a check printer check paper and check

writing software all of which are

available on amazon.fuckingcom the issue

here is the check is fake so they may

put the whole 10 000 into your bank

account especially if they're in

unsophisticated financial institution

this is why you hear people asking

specific Banks you have a Navy Fed tap

in you have a Bank of America type in if

you have a Chase type-in because they

know for some reason that named bank is

is instantly giving the people money for

checks and not waiting for the check to

clear anyways once the money's there the

scammer withdraws it or withdraws half

of it but you as the holder of the

account are going to be liable for that

money when the check is not clear you

only had 300 in your bank account and

you did have 10 but now you have

negative 5 000 or negative 10 000

because a lot of times this camera will

just take all of the money and that's

why they ask you to send them or hand

them over your debit card first scam

number six combos risk level medium

stupid cash per day 500 to 1000 maybe a

bit more but not much also free food how

this works is most people use the same

password across all sites if you've ever

typed in your password in a browser and

it told you this password has been used

in a data breach this is what they're

talking about so you can go on certain

sites and find the whole data breach a

list of a hundred thousand emails and

passwords for let's say minecraft.com

but some of those Minecraft users

probably also use Pizza Hut so they

build software to try the same email and

password on pizzahut.com a hundred

thousand times the ones that log in are

go and now this camera can order free

Pizza Hut on at least a few thousand

accounts this is either done by using

the person's credit card which is

already logged into the account making

this another form of online carding but

it's way easier because you're logged

into the account already so the site

security system aren't checking for you

like it would for a brand new customer

also a lot of these people have rewards

points which get you the item for free

all you have to do is be logged into the

account when you see these people on

Twitter her Instagram saying I'll get

you Pizza Hut or Domino's for half off

this is how they do it scam number seven

profile risk level extremely high

extremely stupid cash per day like 10 to

20 000 but there's a lot of setup

required you and everyone else has a

social security number and if you're not

stupid you have a credit profile

attached to that social security number

with credit cards maybe an auto loan or

a mortgage and if someone gets access to

your Fool's name date of birth social

security number security questions like

mother's maiden name Etc they can apply

for credit cards and your name that's

how this scam is done they get access to

the information in similar ways to the

free phone scam I told you before but

they're a little bit more sophisticated

because it's tougher to convince someone

to give you their social security number

people sell doctor profile because they

make tons of money and have great credit

anyways once they've applied for all the

cards in the person's name they'll get

the physical cards shipped to another

drop address or sometimes the person's

home address and usually use those cards

to buy a ton of high ticket items like

laptops Max health or credit cards and

then won't pay them off don't do it

don't do any of these but this is how

these cameras are making so much [ __ ]

money scam number eight spamming Bank

log risk level medium stupid but still

stupid cash per day like 10 to 50 000.

if you ever got a weird looking text

from a number claiming to be your bank

and sending you a link to log in on it

was this they essentially use fear and

make you think someone's taking control

over your account and make you think

someone's trying to do something bad

with your bank account that login page

was designed to look exactly like your

bank's actual login pay however instead

of sending your username password and

two-factor authentication code to the

actual bank you're sending it to a

scammer allowing them to get access to

your bank account this gamer created the

page and the information goes directly

to them once they're inside the bank

account they can use any number of ways

to cash it out the most primitive would

be a wire transfer but this would

usually get stuck but there's always new

fintech companies with bad security who

will pretty quickly let someone log in

with the bank and cash the entire

account out with something like Bitcoin

or gift cards scam number nine spamming

office logs risk level less stupid

because it's not directly going after a

bank cash per day a hundred thousand

plus but it requires hella setup and

it's also illegal don't do it net this

is how the 16 year old hacked Twitter

similar to spamming Bank logs but

instead of trying to get access to

someone's bank account you're trying to

get access to a company's either slack

Channel or Office 365 teams Channel this

is where big companies talk about

everything they need to talk about so

the process is the same they send an

email or text message to a person

getting them to log into their slack or

Microsoft Office teams account with the

fake login page and once they're logged

into that account they can see

everything about the business when they

did this with Twitter they were able to

get people verified they were able to

take over username and they were most

importantly able to get inside people's

Twitter account like Obama and Jeff

Bezos and Elon Musk directly from inside

Twitter itself but usually people just

use this to see when and where their

business is sending money and when they

see wire instructions being sent in a

message they'll cancel that message and

resend a new one that looks exactly the

same but just has a different account

and routing number to send the money to

scam number 10 credit risk level

absolutely zero you won't go to jail for

this cash per day billion what yeah the

credit card companies are scamming your

ads colleges all across America will

charging tens of thousands for a [ __ ]

art degree or a women's study but they

will never ever teach your ass about

credit because if they did people would

stop getting in the credit card debt

they can't afford they'd stop paying

debt because they'd know how [ __ ]

easy it is to finesse the system and

they'd be able to get access to whatever

car house or boat they want I know the

credit game and I hit these Banks over

the head for a free Panamera go check

out my video that's a hundred thousand

dollar car they're like but if I choose

to stop paying that [ __ ] today

and keep the car and wipe it all the way

off my credit report but you do have to

put the work in and be a little patient

doing anything illegal is stupid so I

give this information for free because

it's worthless for any purpose except

inspiration but the way to do it legally

is valuable luckily if you don't trust

me you think I'm some core selling Tai

Lopez ass gamer you don't gotta send me

the money just text me at

310-924-6900 for specific instructions

on how to burn the money because I'm not

just gonna give you the information that

cost me years of pain without you

putting up something first or just go to

rjac.net and sign up for the credit

quote and even if you don't have any

money right now cool browsearound

rjac.net it's a free preview on a credit

card that won't tell you how to get the

full amount but it'll put 10 to 20 in

your pocket money is free bro I'm

telling you all this [ __ ] is not real

they [ __ ] print it whenever they want

but we can take back the [ __ ] power I

print money now [ __ ] I bend these Banks

over the table and [ __ ] them till I nut

now if you felt like any of this

information was valuable there's tons

more valuable content on this channel

watch it all and if you show me proof

that you watched all my videos to at

least 70 percent of the way through you

can tell by the little red bar on the

bottom text me at

310-924-6900 I got a surprise for you